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North Korea to Deploy New Artillery Guns Targeting Seoul Amid Rising Tensions

North Korea to Deploy New Artillery Guns Targeting Seoul Amid Rising Tensions

North Korea has announced plans to deploy new long-range artillery systems capable of striking the capital region of South Korea, Seoul, within the year. This development follows the recent revision of North Korea's constitution, which now omits references to Korean unification, aligning with leader Kim Jong Un's strategy to establish a two-state system on the Korean Peninsula. Kim Jong Un inspected a munitions factory producing 155-mm self-propelled gun-howitzers intended for deployment at an artillery unit near the southern border. Additionally, North Korea is set to commission its first naval destroyer in the coming weeks. These military advancements come as North Korea continues to expand its arsenal amid stalled diplomacy and heightened tensions with South Korea.
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North Korea Removes Reunification Clause, Signaling Shift in Policy Towards South Korea

North Korea Removes Reunification Clause, Signaling Shift in Policy Towards South Korea

North Korea has made a significant change to its constitution by removing references to the reunification of the Korean Peninsula, a goal that has been a longstanding part of its policy. This change was reported by South Korean news outlet Yonhap and marks a shift towards a more hostile stance against South Korea. The revision, believed to have been adopted at a meeting of North Korea's Supreme People's Assembly, is the first time a territorial clause has been added to the constitution. This development comes amid increasing tensions and a rejection of dialogue from South Korean President Lee Jae Myung.
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North Korea will deploy new artillery guns targeting Seoul and commission its 1st destroyer

North Korea will deploy new artillery guns targeting Seoul and commission its 1st destroyer

North Korea says it’ll deploy new long-range artillery systems capable of striking the capital region of rival South Korea this year and commission its first naval destroyer in coming weeks
Reuters Reuters
Exclusive-SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies

Exclusive-SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies

By Heekyong Yang, Fanny Potkin and Hyunjoo Jin SEOUL/SINGAPORE, May 8 (Reuters) - SK Hynix is being aggressively courted by big global tech firms with offers to invest in its new production lines and fund purchases of pricey manufacturing tools as they rush to secure memory chips, people familiar
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Daniel Dae Kim explores booming South Korean pop, film, cosmetics and food influences for CNN series

Daniel Dae Kim explores booming South Korean pop, film, cosmetics and food influences for CNN series

Daniel Dae Kim explores Korean culture in a new CNN series, “K-Everything: The Global Rise of Korean Culture.”
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Oil prices sink and stocks leap worldwide on hopes for a reopening of the Strait of Hormuz

Oil prices sink and stocks leap worldwide on hopes for a reopening of the Strait of Hormuz

Oil prices sank, and stock markets rallied worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again
Reuters Reuters
Samsung says to discontinue China sales of some consumer electronics products

Samsung says to discontinue China sales of some consumer electronics products

SEOUL, May 7 (Reuters) - Samsung Electronics, a maker of TVs and home appliances, said on Wednesday that it has decided to discontinue sales of some consumer electronics products in mainland China amid intensifying competition in the local market.
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HMM Vessel Damaged in Hormuz Blast to Be Towed to Dubai Amid Tensions

HMM Vessel Damaged in Hormuz Blast to Be Towed to Dubai Amid Tensions

South Korean shipping company HMM has arranged for a vessel to tow its damaged bulk carrier, HMM Namu, to Dubai following an explosion and fire in the Strait of Hormuz. The incident, which resulted in no casualties, has been attributed by President Trump to an Iranian attack. The ship, carrying 24 crew members, was stranded after the explosion but is expected to reach Dubai by Thursday night or Friday morning. The Strait of Hormuz is a critical waterway for global oil and gas transport, and the incident has heightened tensions in the region.
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19 members of the WTO, including US, agree among themselves not to impose duties on e-commerce

19 members of the WTO, including US, agree among themselves not to impose duties on e-commerce

By Olivia Le Poidevin GENEVA, May 7 (Reuters) - The U.S. and more than a dozen other countries including Japan, South Korea, Singapore and Australia on Thursday launched their own pact to not impose duties on e-commerce after no agreement was reached to end deadlock with Brazil, a document showed.
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Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global stocks were at record highs on Wednesday as some of Asia's biggest markets returned from a holiday in euphoric mood and resumed ramping up AI-related trades.
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Global shares advance and oil prices slip as hopes grow for ending war with Iran

Global shares advance and oil prices slip as hopes grow for ending war with Iran

Global shares are mostly higher and oil prices have fallen as hopes rise for progress in ending the war with Iran
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AI Boom Propels South Korea's Kospi to Record High Amid Tech Share Surge

AI Boom Propels South Korea's Kospi to Record High Amid Tech Share Surge

AI Boom Propels South Korea's Kospi to Record High Amid Tech Share Surge